Devouring the Thoughts of Others

It’s not secret that one of the secrets to success is being well read.

You find a lot of people who might knock an education, offering their opinion as to how they got to where they got in life with out one or making fun of those who have one who are still idiots.

There is a lot of data out there though that is indisputable, the more education you have the higher the probability that you will be financially successful. A college degree is worth a lot more in potential earnings than a high school diploma.

But I digress, the point I started to make is that you have to read a lot. One of the indisputable benefits of a college education is you have to read a lot and read a lot of things you might not normally have read. This broadens you.

I read a lot. Like a book a week at least. And I am always reading stuff online. You can never stuff enough knowledge and wisdom in your brain. It’s impossible to fill.

So where attention goes (to being well read), energy flows (you get all kinds of new ideas), and results show (you make a lot less mistakes and errors in judgement).

And that is why I read a lot. Thanks T. Have Eker for proving my point which proves your point.

1*siq6yJ2ZOJ8XmECjxRtyhwDaniel Meyer heads Sonic Analytics, an analytics firm with offices in Manila, the San Francisco Bay Area and Ocala, Florida. With over 20 years in Big Data, Dan is one of the most sought-after public speakers in Asia and offers big data coaching and analytics training seminars on both sides of the Pacific. Dan has also recently joined the Powerteam International family as a small business analytics resource speaker. 

Sonic Analytics(www.sonicanalytics.com) brings big data analytics solutions like business intelligence, business dashboards and data storytelling to small and medium sized organizations looking to enhance their data-driven decision-making capabilities. We also advocate the use of analytics for civic responsibility through training, consulting and education.

Can Analytics Help a Sari Sari Store?

I had this interesting conversation earlier about analytics while at a BNI meeting.

I started explaining to the person I was sitting next to what I do and he asked can analytics really help any business?

Of course I said yes.

He asked even a Sari Sari store?

For those of you who don’t know much about Sari Sari stores, let me tell you a bit about them.

By far the most common form of self-employment in the Philippines are small, family operated convenience stores. Called Sari-Sari stores, there are an estimated 1 million Sari Sari stores across the Philippines. Per wikipedia, this counts for an estimated 30% of all retail sales in the Philippines.

Sari-Sari, which is Tagalog for variety, are an important economic and social pieces of just about every Filipino community. Most are privately run, family owned and are operated from the front of the owners house.

Commodities are displayed behind a large mesh screen to both allow customers to see what is available and to prevent shoplifting. The most common goods sold are candy, snacks and other non-perishable food items. Cigarettes and mobile phone cards are also popular items for sale. Household needs like soap, detergent and cleaning supplies are also common. Some stores have small refrigerators to offer cold drinks like soda and beer.

Sari-sari stores generally have higher prices when compared to supermarkets which is a tradeoff for proximity to their customers. It is also common to buy single units of a product versus an entire package as paying more to meet a quick need is valued over planning and budgeting bulk purchase over the long term.

Some Sari Sari stores also offer credit to neighbors. Micro lending of this scale is wide spread and generally done under the rule that if the credit is not repaid, the store owner will report this to the local government officials.

Some Sari Sari stores barter goods and services with farmer, fishermen and other businesses.

Most Sari Sari store proprietors buy their goods at supermarkets then mark up the prices for resale (on the average 20%). In some areas, businessmen make act a middle man offering bulk products to the Sari Sari store.

It is my belief that most Sari Sari stores can benefit from a simple strategic business plan and some very basic analytics.

My understanding is that Sari Sari stores operate on a very tactical level with little long term planning and operate with little market awareness.

If I ever to consult with the owner of a Sari Sari store, my initial approach would be to develop a business strategy plan and build a basic analytics process to gather data and provide a proof of concept.

This approach would be broken into the following steps:

  1. Business Strategy Assessment — How do they conduct business?
  2. Competitive Landscape — Who do they compete with?
  3. Demographic Profile — Who are their customers?
  4. Market Assessment — How much upside is in their market?
  5. Inventory Analysis — How to they optimize inventory?
  6. Facilities Assessment — Are they getting the most of their location?
  7. Risk & Security Assessment — What risks do they face?

I will flesh out each of these steps in upcoming blog posts.

Once I have complied data from these 7 steps, I can develop a business strategy plan unique to the individual Sari Sari store.

After my presentation of the business plan, I can make a determination if they Sari Sari store will enter Phase Two of the plan.

I would work with the proprietor store for a set period of time in a consulting role to determine viability of operations and if they meet our program standards (detailed later in this document).

In addition to offering a consulting solution, through my company, I can also offer additional services including cash management, accounting, marketing, inventory and fulfillment assistance, and other solutions as they arise.

Its my experience that the busiest Sari Sari stores offer something unique. Some might have an ice cream maker, or a special dish they prepare, or some have home baked goods. Regardless, they generally have something that sets them apart from a store that just offers traditional goods.

So, the final piece of my involvement would be cross selling our unique products to Sari Sari stores in need of a unique product to build their business around.

After that consultation, I would expect that three things would happen:

  1. the Sari Sari store proprietor would have a better grasp of a strategic business strategy.
  2. the Sari Sari store would increase profits and
  3. the Sari Sari store would expand its customer base and build up loyalty with existing customers.

So, to get back to the question… how can analytics help a Sari Sari store?

By applying some lessons from the corporate world.

Analytics in the Philippines — The Philippines is at the center of the action when it comes to solutions to the global need for analytics. Blessed with a solid foundation of young, educated and English speaking workforce, companies around the world are look for Filipino analytics talent to fill analytics positions.

Daniel Meyer heads Sonic Analytics, an analytics firm with offices in Manila, the San Francisco Bay Area and Ocala, FL. With over 20 years in Big Data, Dan is one of the most sought-after public speakers in Asia and offers big data coaching and analytics training seminars on both sides of the Pacific. Dan has also recently joined the Powerteam International family as a small business analytics resource speaker.

Sonic Analytics(www.sonicanalytics.com) brings big data analytics solutions like business intelligence, business dashboards and data storytelling to small and medium sized organizations looking to enhance their data-driven decision-making capabilities. We also advocate the use of analytics for civic responsibility through training, consulting and education.

As citizens of this great democracy, we need to look at the data (analytics), plan a course of action (strategy) and share our data-driven viewpoints (presentation). This approach to a data savvy work force starts in school. So, we started an internship program to empower our youth to use Analytics, plan Strategy and Present their insights… ASP!

When not training current and future analysts, you can find Dan championing the use of analytics to empower data-driven citizenship by volunteering his expertise with schools and non-profits dedicated to evidence-based social progress like Saint Leo University’s Women in STEAM 2020 Conference.

Keep Yourself Accountable

The best way to ensure you are focusing on results is to have accountability partners. One knowledgeable about your industry and your vision. A mastermind is the best way to surround your self with people who can help you stay on point. They should be like a board of advisors. This concept ad part of a Mastermind group, was formally introduced by Napoleon Hill.

In his book “Think and Grow Rich“, Hill described the Mastermind principle as, “The coordination of knowledge and effort between two or more people who work towards a definite purpose in a spirit of harmony…no two minds ever come together without thereby creating a third, invisible intangible force, which may be likened to a third mind”, also known as, the Mastermind.

You should be part of a mastermind where you are helping other business minded individuals level up their businesses. You should also be part of a mastermind where you are amongst your peers, other business people at your level facing similar challenges. And finally, you should be part of a virtual mastermind with other leaders in your niche.

If you own or are thinking of owning your own business, you need to learn specifically what it takes to build an even more successful company, connect with other like-minded business owners, and discover new ways to create revenue streams!

We will show you how to use the latest technology to build even more leads, sales & streams of income! If you aren’t already thinking about how to use things like chatbots, auto responders and artificial intelligence to grow a business, you are way behind the curve. We specialize in teaching great concepts on how to become an inspiring leader, utilize great systems and become 100% laser focused!

Check out this upcoming event sponsored by DMAIPH, Sonic Analytics, Mastermind PH in the Philippines:

  • Vision to Wealth – BGC              Jan 15, 2020                 Sign Up Here

1*siq6yJ2ZOJ8XmECjxRtyhwDaniel Meyer heads Sonic Analytics, an analytics firm with offices in Manila, the San Francisco Bay Area and Ocala, Florida. With over 20 years in Big Data, Dan is one of the most sought-after public speakers in Asia and offers big data coaching and analytics training seminars on both sides of the Pacific. Dan has also recently joined the Powerteam International family as a small business analytics resource speaker. 

Sonic Analytics(www.sonicanalytics.com) brings big data analytics solutions like business intelligence, business dashboards and data storytelling to small and medium sized organizations looking to enhance their data-driven decision-making capabilities. We also advocate the use of analytics for civic responsibility through training, consulting and education.

Collaboration Is The Key To Massive Success!

This is key for being successful in today’s information age. We have an unprecedented number of collaboration tools like Trello, Monday and Calendy. We have access to a world of talent through UpWork, Fiverr & Sonic VA. We can talk with each other at any time, anywhere for free with iMessage, Skype and Zoom.

If you aren’t using these tools to build a mastermind, you are missing out. The concept of a Mastermind group was formally introduced by Napoleon Hill.

In his book “Think and Grow Rich“, Hill described the Mastermind principle as, “The coordination of knowledge and effort between two or more people who work towards a definite purpose in a spirit of harmony…no two minds ever come together without thereby creating a third, invisible intangible force, which may be likened to a third mind”, also known as, the Mastermind.

You should be part of a mastermind where you are helping other business minded individuals level up their businesses. You should also be part of a mastermind where you are amongst your peers, other business people at your level facing similar challenges. And finally, you should be part of a virtual mastermind with other leaders in your niche.

If you own or are thinking of owning your own business, you need to learn specifically what it takes to build an even more successful company, connect with other like-minded business owners, and discover new ways to create revenue streams!

We will show you how to use the latest technology to build even more leads, sales & streams of income! If you aren’t already thinking about how to use things like chatbots, auto responders and artificial intelligence to grow a business, you are way behind the curve. We specialize in teaching great concepts on how to become an inspiring leader, utilize great systems and become 100% laser focused!

Check out this upcoming event sponsored by DMAIPH, Sonic Analytics, Mastermind PH in the Philippines:

  • Vision to Wealth – BGC              Jan 15, 2020                 Sign Up Here

1*siq6yJ2ZOJ8XmECjxRtyhwDaniel Meyer heads Sonic Analytics, an analytics firm with offices in Manila, the San Francisco Bay Area and Ocala, Florida. With over 20 years in Big Data, Dan is one of the most sought-after public speakers in Asia and offers big data coaching and analytics training seminars on both sides of the Pacific. Dan has also recently joined the Powerteam International family as a small business analytics resource speaker. 

Sonic Analytics(www.sonicanalytics.com) brings big data analytics solutions like business intelligence, business dashboards and data storytelling to small and medium sized organizations looking to enhance their data-driven decision-making capabilities. We also advocate the use of analytics for civic responsibility through training, consulting and education.

You Are the Sum of the 5 People You Spend the Most Time With

This is key for being successful in today’s information age. We live in an increasingly interconnected world where people can share knowledge and experience in real time, from anywhere in the world at any time.

There has never never been a better time to widen your circle using online tools. A mastermind should be no exception.

The concept of a Mastermind group was formally introduced by Napoleon Hill.

In his book “Think and Grow Rich“, Hill described the Mastermind principle as, “The coordination of knowledge and effort between two or more people who work towards a definite purpose in a spirit of harmony…no two minds ever come together without thereby creating a third, invisible intangible force, which may be likened to a third mind”, also known as, the Mastermind.

You should be part of a mastermind where you are helping other business minded individuals level up their businesses. You should also be part of a mastermind where you are amongst your peers, other business people at your level facing similar challenges. And finally, you should be part of a virtual mastermind with other leaders in your niche.

If you own or are thinking of owning your own business, you need to learn specifically what it takes to build an even more successful company, connect with other like-minded business owners, and discover new ways to create revenue streams!

We will show you how to use the latest technology to build even more leads, sales & streams of income! If you aren’t already thinking about how to use things like chatbots, auto responders and artificial intelligence to grow a business, you are way behind the curve. We specialize in teaching great concepts on how to become an inspiring leader, utilize great systems and become 100% laser focused!

Check out these upcoming events sponsored by DMAIPH, Sonic Analytics, Mastermind PH in the Philippines:

  • Vision to Wealth – Makati         Jan 13, 2020                Sign Up Here
  • Vision to Wealth – BGC              Jan 15, 2020                 Sign Up Here

1*siq6yJ2ZOJ8XmECjxRtyhwDaniel Meyer heads Sonic Analytics, an analytics firm with offices in Manila, the San Francisco Bay Area and Ocala, Florida. With over 20 years in Big Data, Dan is one of the most sought-after public speakers in Asia and offers big data coaching and analytics training seminars on both sides of the Pacific. Dan has also recently joined the Powerteam International family as a small business analytics resource speaker. 

Sonic Analytics(www.sonicanalytics.com) brings big data analytics solutions like business intelligence, business dashboards and data storytelling to small and medium sized organizations looking to enhance their data-driven decision-making capabilities. We also advocate the use of analytics for civic responsibility through training, consulting and education.

You Should Be In 3 Masterminds

This is key for being successful in today’s information age. You need to part of not just one mastermind, but three.

The concept of a Mastermind group was formally introduced by Napoleon Hill.

In his book “Think and Grow Rich“, Hill described the Mastermind principle as, “The coordination of knowledge and effort between two or more people who work towards a definite purpose in a spirit of harmony…no two minds ever come together without thereby creating a third, invisible intangible force, which may be likened to a third mind”, also known as, the Mastermind.

You should be part of a mastermind where you are helping other business minded individuals level up their businesses. You should also be part of a mastermind where you are amongst your peers, other business people at your level facing similar challenges. And finally, you should be part of a virtual mastermind with other leaders in your niche.

If you own or are thinking of owning your own business, you need to learn specifically what it takes to build an even more successful company, connect with other like-minded business owners, and discover new ways to create revenue streams!

We will show you how to use the latest technology to build even more leads, sales & streams of income! If you aren’t already thinking about how to use things like chatbots, auto responders and artificial intelligence to grow a business, you are way behind the curve. We specialize in teaching great concepts on how to become an inspiring leader, utilize great systems and become 100% laser focused!

Check out these upcoming events sponsored by DMAIPH, Sonic Analytics, Mastermind PH in the Philippines:

  • Vision to Wealth – Ortigas         Jan 8, 2020                  Sign Up Here
  • Vision to Wealth – Makati         Jan 13, 2020                Sign Up Here
  • Vision to Wealth – BGC              Jan 15, 2020                 Sign Up Here

1*siq6yJ2ZOJ8XmECjxRtyhwDaniel Meyer heads Sonic Analytics, an analytics firm with offices in Manila, the San Francisco Bay Area and Ocala, Florida. With over 20 years in Big Data, Dan is one of the most sought-after public speakers in Asia and offers big data coaching and analytics training seminars on both sides of the Pacific. Dan has also recently joined the Powerteam International family as a small business analytics resource speaker. 

Sonic Analytics(www.sonicanalytics.com) brings big data analytics solutions like business intelligence, business dashboards and data storytelling to small and medium sized organizations looking to enhance their data-driven decision-making capabilities. We also advocate the use of analytics for civic responsibility through training, consulting and education.

For a Lot of Entrepreneurs, Writing is Key

This is key for being successful in today’s information age. You have to tell you story and you have to build your credibility. Even in 2020, writing a book is still one of the best ways to accomplish both.

The quote speaks to a reality that every successful entrepreneur knows to be true, but every failed or struggling entrepreneur has not figured out.

Writing a book is something that only 2% of the world’s population does. Even with the massive move towards online content, writing a good old fashioned book is huge.

It’s also a huge boost to your credibility as an expert. If you wrote a book, then you must be really knowledgeable about your subject of expertise. At least that is the conventional wisdom.

Writing and publishing has never been easier with all the tools available nowadays. Plus you can get a virtual assistant to handle so much of the work that comes after your write the book and need to promote it.

If you own or are thinking of owning your own business, you need to learn specifically what it takes to build an even more successful company, connect with other like-minded business owners, and discover new ways to create revenue streams!

We will show you how to use the latest technology to build even more leads, sales & streams of income! If you aren’t already thinking about how to use things like chatbots, auto responders and artificial intelligence to grow a business, you are way behind the curve. We specialize in teaching great concepts on how to become an inspiring leader, utilize great systems and become 100% laser focused!

Check out these upcoming events sponsored by DMAIPH, Sonic Analytics, Mastermind PH in the Philippines:

  • Vision to Wealth – Ortigas         Jan 8, 2020                  Sign Up Here
  • Vision to Wealth – Makati         Jan 13, 2020                Sign Up Here
  • Vision to Wealth – BGC              Jan 15, 2020                 Sign Up Here

1*siq6yJ2ZOJ8XmECjxRtyhwDaniel Meyer heads Sonic Analytics, an analytics firm with offices in Manila, the San Francisco Bay Area and Ocala, Florida. With over 20 years in Big Data, Dan is one of the most sought-after public speakers in Asia and offers big data coaching and analytics training seminars on both sides of the Pacific. Dan has also recently joined the Powerteam International family as a small business analytics resource speaker. 

Sonic Analytics(www.sonicanalytics.com) brings big data analytics solutions like business intelligence, business dashboards and data storytelling to small and medium sized organizations looking to enhance their data-driven decision-making capabilities. We also advocate the use of analytics for civic responsibility through training, consulting and education.

Do What You Do Best, And Do It Better Than The Rest!

This is key for being successful in today’s information age just as much as it was 100 years ago. You have to be the absolute best at what you do so you don’t have to worry much about those who are do what you do.

The quote speaks to a reality that every successful entrepreneur knows to be true, but every failed or struggling entrepreneur has not figured out.

Differentiate yourself by simply being the best in your niche. Quality is king. You are not walmart, you can’t compete on the lowest prices so compete on the best quality.

If you own or are thinking of owning your own business, you need to learn specifically what it takes to build an even more successful company, connect with other like-minded business owners, and discover new ways to create revenue streams!

We will show you how to use the latest technology to build even more leads, sales & streams of income! If you aren’t already thinking about how to use things like chatbots, auto responders and artificial intelligence to grow a business, you are way behind the curve. We specialize in teaching great concepts on how to become an inspiring leader, utilize great systems and become 100% laser focused!

Check out these upcoming events sponsored by DMAIPH, Sonic Analytics, Mastermind PH in the Philippines:

  • Vision to Wealth – Ortigas         Jan 8, 2020                  Sign Up Here
  • Vision to Wealth – Makati         Jan 13, 2020                Sign Up Here
  • Vision to Wealth – BGC              Jan 15, 2020                 Sign Up Here

1*siq6yJ2ZOJ8XmECjxRtyhwDaniel Meyer heads Sonic Analytics, an analytics firm with offices in Manila, the San Francisco Bay Area and Ocala, Florida. With over 20 years in Big Data, Dan is one of the most sought-after public speakers in Asia and offers big data coaching and analytics training seminars on both sides of the Pacific. Dan has also recently joined the Powerteam International family as a small business analytics resource speaker. 

Sonic Analytics(www.sonicanalytics.com) brings big data analytics solutions like business intelligence, business dashboards and data storytelling to small and medium sized organizations looking to enhance their data-driven decision-making capabilities. We also advocate the use of analytics for civic responsibility through training, consulting and education.

You Know What They Say…

This is key for being successful in today’s information age just as much as it was 100 years ago. You have to be in the right place at the right time.

The quote speaks to a reality that every successful entrepreneur knows to be true, but every failed or struggling entrepreneur has not figured out.

They say we are the sum of the 5 people you spend the most time with. They also say you have to be in the right place at the right time. SO doesn’t it make sense to ensure that you are going to strike lightning in a bottle by always putting yourself in the same place successful people are?

If you own or are thinking of owning your own business, you need to learn specifically what it takes to build an even more successful company, connect with other like-minded business owners, and discover new ways to create revenue streams!

We will show you how to use the latest technology to build even more leads, sales & streams of income! If you aren’t already thinking about how to use things like chatbots, auto responders and artificial intelligence to grow a business, you are way behind the curve. We specialize in teaching great concepts on how to become an inspiring leader, utilize great systems and become 100% laser focused!

Check out these upcoming events sponsored by DMAIPH, Sonic Analytics, Mastermind PH in the Philippines:

  • Vision to Wealth – Ortigas         Jan 8, 2020                  Sign Up Here
  • Vision to Wealth – Makati         Jan 13, 2020                Sign Up Here
  • Vision to Wealth – BGC              Jan 15, 2020                 Sign Up Here

1*siq6yJ2ZOJ8XmECjxRtyhwDaniel Meyer heads Sonic Analytics, an analytics firm with offices in Manila, the San Francisco Bay Area and Ocala, Florida. With over 20 years in Big Data, Dan is one of the most sought-after public speakers in Asia and offers big data coaching and analytics training seminars on both sides of the Pacific. Dan has also recently joined the Powerteam International family as a small business analytics resource speaker. 

Sonic Analytics(www.sonicanalytics.com) brings big data analytics solutions like business intelligence, business dashboards and data storytelling to small and medium sized organizations looking to enhance their data-driven decision-making capabilities. We also advocate the use of analytics for civic responsibility through training, consulting and education.

Even Shorter Than Your Elevator Pitch

This is key for being successful in today’s information age. We used to say that you have to have a 30 second  elevator pitch. Now its a less than half a minute video capture.

Attention spans continue to shrink and the options to fill up your time quicken at an exponential rate.

An elevator pitch is a simple way of explaining what your product or service does. It’s called an elevator pitch because you’re supposed to imagine that you get into an elevator with another person, they ask what your company does, and you only have that brief moment in an elevator to give them a meaningful response.

My mentor Bill Walsh, America’s Small Business Expert, is a man of great wisdom and massive success and he taught me this simple truth.

You have less than half a minute to explain to your customers what you do for them or they will move on to someone else and you have to explain how you do is constantly and consistently. It’s not easy to do.

The quote speaks to a reality that every successful entrepreneur knows to be true, but every failed or struggling entrepreneur has not figured out.

Options are limitless. Everyone promises something. Its only you ability to offer the option with the right promise at the right time that will take you to the next level.

If you own or are thinking of owning your own business, you need to learn specifically what it takes to build an even more successful company, connect with other like-minded business owners, and discover new ways to create revenue streams!

We will show you how to use the latest technology to build even more leads, sales & streams of income! If you aren’t already thinking about how to use things like chatbots, auto responders and artificial intelligence to grow a business, you are way behind the curve. We specialize in teaching great concepts on how to become an inspiring leader, utilize great systems and become 100% laser focused!

Check out these upcoming events sponsored by DMAIPH, Sonic Analytics, Mastermind PH in the Philippines:

  • Vision to Wealth – Ortigas         Jan 8, 2020                  Sign Up Here
  • Vision to Wealth – Makati         Jan 13, 2020                Sign Up Here
  • Vision to Wealth – BGC              Jan 15, 2020                 Sign Up Here

1*siq6yJ2ZOJ8XmECjxRtyhwDaniel Meyer heads Sonic Analytics, an analytics firm with offices in Manila, the San Francisco Bay Area and Ocala, Florida. With over 20 years in Big Data, Dan is one of the most sought-after public speakers in Asia and offers big data coaching and analytics training seminars on both sides of the Pacific. Dan has also recently joined the Powerteam International family as a small business analytics resource speaker. 

Sonic Analytics(www.sonicanalytics.com) brings big data analytics solutions like business intelligence, business dashboards and data storytelling to small and medium sized organizations looking to enhance their data-driven decision-making capabilities. We also advocate the use of analytics for civic responsibility through training, consulting and education.